Market review: a hope for a rebound
1. Us CPI data for February was released today
Look at the trend of oil prices, no need to think about exceeding.
As expected, the annual rate of 7.9% was in line with expectations, the biggest increase in 40 years. Fortunately, it did not break 8%. Powell should have anticipated inflation this month in his last statement, and should not have suddenly raised rates by another 50 points next week.
But given the way oil prices are moving, it is hard to say whether next week's decision will be a surprise.
It is said that yesterday's bearish crude oil chose the wrong target$Chevron(CVX)$ , should directly do the $United States Oil Fund(USO)$ put, the company's stock price feedback is not quite the same as futures.
2, European stocks
As the conflict between Russia and Ukraine has eased, Ukraine's representative said it would not be possible to join NATO in the next few years. Zelensky also expressed disappointment about joining NATO. European stocks rose 5.9 per cent yesterday
However, the index fell back again today because of the lack of progress in negotiations to reach a decision on a ceasefire.
In general, the 5.9% jump in the stock index is a sign of the start of a rebound. I copied some shares of $ASML Holding NV(ASML)$ and will not add further positions if they fall again.
3, VXX
I thought yesterday's rally in European stocks could lead to a rebound in US stocks, but from the $Barclays iPath Series B S&P 500 VIX Short-Term Futures(VXX)$ trend is still not optimistic, the trend is still not hit, may still have to wait for next week after the interest rate rise.
After a few days of holding, the VXX volatility wear is more severe than I thought, the current trend to do put spread than call spread profit is higher, in the volatile bullish case, short put & buy put can better earn time value.
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